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-old building in downtown dallas was imploded yesterday. no, it's not jerry jones' reaction to the cowboys' play against the browns yesterday. they did win. demolition experts attached 300 pounds of dynamite in strategic places and there it went. built in the 1920s, that building, by a cotton tycoon. >>> we talk a lot about how the fiscal cliff will hurt the u.s. but that obscures the pain that will be felt at the state and local levels. our senior economics reporter steve leisman has been doing the math about who falls the hardest if we do go over the cliff. steve? >> if you think about it, it is designed so that there is a lot of pain. the idea of the fiscal cliff, the sequestration, automatic cuts to bring people to the table. we've done, with the help of technology, using diver technology, we dove in to take a look at where federal spending is highest. it is color coated by per capita spending by county here. what you see -- take a look. where it's red it's the highest from 20 all the way up to 175,000. there's actually one county in north carolina where i think hatteras island is where ther
have seen strong numbers year over year and rent growth in austin, dallas, houston, san antonio, has been in the 3% to 6% year over year rent growth so strong performance. >> so rent is killing it but would you be a buyer. warren came over here a year ago and said if he could do anything with his money and made sense he would go up and buy up single family homes. he'd do it in florida, arizona, nevada, that was the argument. >> i think the mortgage market has to come back for the residential end user but i'd buy some land divisions, lot developments that will make sense over the next couple of years. >> behind the curtain of the commercial business. >> steven and i were talking a minute ago about retailers and e-commerce and we see a big impact from e-commerce when we buy a shopping center, we have to pay attention to our cost basis so that retailers who come in and occupy that space will have the ability to compete against e-commerce and do well and protect their profit margins so we're seeing retailers absorb. >> can they get there? >> they can. >> because they'll always have that
to across to consumers. >> we started in dallas in 1978, so for 35 years. so we have just an increasingly strong following every year for that, and i think the stocking stuffers and gift wrap create the traffic. wheel they're there, even though consumers are so busy, they hopefully can't resist organizing their pantry or closet or other delightful gifts. >> kip, we look forward to sealing what you have these days. the ceo of the container store. i don't know if you go to buy any gifts for your loved ones. >> i don't have the shoes collection you do, so everything is organized. i'm highly organized guy, anyway, by i hope you get your dream closet. >> everybody wants that. >> i'm your fan, your fan, singular. coming up, some inspiration from the street. ♪ oh, look. cute. oh, look. cute. [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to
at the dallas fed saying we ought to put a clear cap on it. it might be a little more interesting reading than we normally have the beige book. that got comments this morning. a lot of talk about costco and now joining the special dividend club. there are lists of cash rich stable companies that may be able to join this special dividend club. here's a couple i've seen bandied about this morning. william sonoma for one. home depot another one i heard bandied around. office max another one and even p petsmart i heard bandied around as special dividend candidate. about the knight capital deal and getco offer of 3.50. they asked if knight could survive as stand alone company at this point. it's not clear. the board as changed. there are new people on the board that represent various interests. there are people on the board that are maybe likely motivated to sell. who knows. former managing director of general atlantic is on the board. it's complicated. i've asked if other bidders might emerge out there. think about this. only two bidders mentioned are not publicly traded. i don't think that's an a
spending cuts and revenue increases. in the meantime, dallas fed president richard fisher tells cnbc that the central bank can't do much more to shelter the economy. >> we need to completely reboot tax policy and spending policy. if we have temporary fixes to the fiscal cliff, just push out the envelope of indecision until we have a sense of true direction, and it's time for our politicians to get their act together. >> fisher says he does not view the fed as a safety net. that is certainly a change of perception, one that congress is going to have to figure out pretty quickly along with the rest of washington. >> that it is. there's been a number of interviews this morning that would lead you to the same place. cisco reporting better than expected first quarter earnings in revenues, but the tech giant expects flat earnings and slower revenue growth for the current quarter. john chambers sees europe getting worse before it gets better, but he says there are signs of improvement in the u.s. economy. >> we want to be the one company that both exceeds expectations and doesn't bring down
, even 60s in dallas. and then out towards the west, final and he will getting a break in spots like seattle. 50 degrees. so a bit more mild. very chilly in the mountains. 81 in los angeles and phoenix. rest of the four corners, very dry and mild. what about your travel? a lot of people will be traveling not just to the shopping mall, but to the airports. we do have someplaces where we may see some backups. what i can it or not, backups could take place especially places like detroit, houston. minor delays in nashville. but new york and los angeles for the time being, nothing to speak of. might have volume delays later in the day at jfk. back to you. >> real quickly, as we head into sunday, a lot of people traveling back on sunday, any idea about whether the weather will continue to get worse or improve? >> it is going to be rough in parts of the northern plains. a lot of the small regional airports. out west, not bad either. >> thank, reynolds. happy post-thanksgiving to you. best buy of course in need of a strong start to the holiday shopping seen. jane wells is in california and a
Search Results 0 to 5 of about 6